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EURUSD

  • #1,015,321
  • Jul 31, 2015 12:01pm Jul 31, 2015 12:01pm
Impressive Gator. Where to now...?
  • #1,015,322
  • Jul 31, 2015 12:01pm Jul 31, 2015 12:01pm
Attached Image



Hello everyone. I would like to share my view.

A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

The crimson colored line marks the open of bar[3]. Bar[4] made a new daily high. Bar[3] failed to make a new daily high. Entry triggered at open price of bar[3].
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,015,323
  • Jul 31, 2015 12:02pm Jul 31, 2015 12:02pm
Quoting Pharm0r
Gravity...
the real gravity shall begin ...

Inserted Video
Get Rich or Die Tryin
  • #1,015,324
  • Jul 31, 2015 12:02pm Jul 31, 2015 12:02pm
Quoting gatorinla
{quote} its just the way it is
....bulls left the door wide open...0964

Quoting hoom
{quote} the real gravity shall begin ... https://www.youtube.com/watch?v=V4UfAL9f74I
hehehe
  • #1,015,325
  • Jul 31, 2015 12:06pm Jul 31, 2015 12:06pm
After every Niagara market uses more Viagra.. got it? I am long again..

Happy Trades
Focus only on what truly matters!
  • #1,015,326
  • Jul 31, 2015 12:09pm Jul 31, 2015 12:09pm
Quoting gatorinla
close h under 1048.7 and bears gain a little help for 1002.. still um at 1021 to break.. below that week 0974ish .. and 0964
Gator
what is "um"?
it is upper mofu?
or under mofu border?

Thanks
  • #1,015,327
  • Jul 31, 2015 12:09pm Jul 31, 2015 12:09pm
Quoting traverses
Impressive Gator. Where to now...?
watch the close.. 0786 is still alive.. 0974 ish is one bulls dont want closed below (week).. bears would like 0964 closed or more today. 0786 is actually a bullish norm.. usually when bulls want 0786, and bears want 0786.. it most times gets a poke.. once 0786 is reached, bulls want 15xx and bears 1122/44 (1122/1435 w/oHH) but if its truly bearish now.. a trip to 1122/44 would be enough, after 0786 s touched. 4h closed 1102... its still above 0964, but its all one could expect after dropping 110 pips.. its still 4h a close below 1048.7..
those who can, do. those who cant, talk about those who can
  • #1,015,328
  • Jul 31, 2015 12:10pm Jul 31, 2015 12:10pm
Quoting MarianneOslo
{quote} the 1.1 battle is not finished yet for today yes but not forr the future
I just noticed your post.. well yeah.. I believe the battle is more about 1.0980.. 10 day ema.. so we think similar.. I mentioned earlier that price will come back many times to 10 day ema.. it is an important level for mid term I think..

Happy Trades
Focus only on what truly matters!
  • #1,015,329
  • Jul 31, 2015 12:12pm Jul 31, 2015 12:12pm
Quoting rehorst
Big spikes up...that's when I make good returns.
Closed two shorts for 98 pips. That's what I'm talkin' about. Spikes. Love 'em. The only trick I see is when price shoots up like a bullet out of a Winchester, like today, wait for a second leg up. Then short 'em.
  • #1,015,330
  • Jul 31, 2015 12:15pm Jul 31, 2015 12:15pm
Quoting Ken A
{quote} Don't pursue the idea that someone knows everything in FX markets - that doesn't exist. For big orders, options expiry, etc all that are public knowledge. Those orders will get filled or not depend on many variables. If someone claims to know secret formula and what will happen etc etc is pure bullshit or marketing gimmick or scam/con artist. Hook line and sinker. Don't fall for it.
Thanks Ken. I agree with you about 'secret formulas', but I'm not looking for that. I'm looking for actual information as to how MM's operate, which will help me in deciding when to take trades/skip them/etc. IMO if MM's are taking some trades then there is likely a general method to how they lay them off. I understand the broad brush of B booking, but think there is some more info in there. I'm one of those people that likes to get as much real information as possible to help me make my decisions---but as one cannot know everything in FX markets, I'm trying to limit it to concepts that really move markets.

Edit: I'm sure not paying anyone online for info, that's for sure. I've seen several posters point out the obvious that anyone making money in leveraged FX certainly doesn't need to take on followers. I mean, come on, who hasn't let their imagination run wild and compounded % gains to see what if, and what they'd buy when it happens.
defense wins championships
  • #1,015,331
  • Jul 31, 2015 12:16pm Jul 31, 2015 12:16pm
If you're still trading, 995, 025, 055, 085, 115.
I reversed short from 110, at 000, SL at 90, risking 10. Closing platform, have a nice weekend.
  • #1,015,332
  • Jul 31, 2015 12:19pm Jul 31, 2015 12:19pm
Quoting seemoore
{quote} Again, I don't understand this concept; if anyone does & is willing to explain it or point me to a link or source to study up I'd appreciate it very much. My guess is that not all MM's were long going into the 8:30 EDT news when the big jump started, so the ones who were short ideally could keep making $ on every trade during the slower pace it's been going on the way back down & be back to BE at near the start of the news candle. See what happened at 16:45 on the 1M chart attached when price returned to retest the broken level of 1.10757...
I dont know about the term "mm" . It means different things to different people but when you talk about, fixing or squareing the books, this refers to large banks trading desks . A large bank , the ones that take in 100 , 250 , 500 mil dollar orders , they make there money on the spread . At the end of the day , they want their books neither long or short . They want them square when they turn it over to the night shifts . If a night shift gets in trouble , there is a senior trader on call that can either help straighten them out over the phone or he has to come back to work .

This next part is my opinion .

When you see retracements , pullbacks etc , this is large banks trying to keep their books straight . Major moves are made by the other big players (hegdge funds etc ) for FA reasons . ( To make money ) or a big banks books really got screwed up .

I'll try to find the thread that explains this better . Do a google search on the internal workings of the currency markets but be prepared to to sift thru a boatload of bullshit .

Hope this helps a little

Dennis
Peace
  • #1,015,333
  • Jul 31, 2015 12:21pm Jul 31, 2015 12:21pm
FTI has a thread on the subject "Technical Analysis Fallacy". I believe his former job was as a senior trader for a large bank....I recall him saying the same as your first paragraph

He has some pretty cool insights and trading mentality. Thinks of trading as a war, and he's the general....his trades are his troops. It's entertaining to say the least
  • #1,015,334
  • Jul 31, 2015 12:25pm Jul 31, 2015 12:25pm
This morning forexlive site posted EUR/USD orders for today 31st July :" Currently 1.0950. Be aware of large option expiry at 1.1000"... let's see if the price will close around 1.10.
Speculation converts one man's capital into another man's income
  • #1,015,335
  • Jul 31, 2015 12:26pm Jul 31, 2015 12:26pm
"they make there money on the spread"

No they don't. They make they're money.
Corripe Cervisiam!
  • #1,015,336
  • Jul 31, 2015 12:27pm Jul 31, 2015 12:27pm
Attached Image


Prices of interest.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,015,337
  • Jul 31, 2015 12:34pm Jul 31, 2015 12:34pm
Quoting Pharm0r
FTI has a thread on the subject "Technical Analysis Fallacy". I believe his former job was as a senior trader for a large bank....I recall him saying the same as your first paragraph He has some pretty cool insights and trading mentality. Thinks of trading as a war, and he's the general....his trades are his troops. It's entertaining to say the least
Thats the one .
Peace
  • #1,015,338
  • Jul 31, 2015 12:35pm Jul 31, 2015 12:35pm
This move was like killed shorts above 1.1 & even 1.1110 , and may we never see above 1.11 till 1.00 !
are there guys longed above 1.11 ?
  • #1,015,339
  • Jul 31, 2015 12:36pm Jul 31, 2015 12:36pm
Quoting build11
{quote} Thats the one .
A very refreshing thread, I'll have to go back and read it sometime. If I had a top 5 threads a newbie should read, his would be up there. Although, towards the end it gets a little cooky imo

Quoting edyraper
This move was like killed shorts above 1.1 & even 1.1110 , and may we never see above 1.11 till 1.00 ! are there guys longed above 1.11 ?
With such a sudden move from 0964/0980, my question is who is left to defend when we visit it again 4 hours later....late on a Friday afternoon
  • #1,015,340
  • Jul 31, 2015 12:40pm Jul 31, 2015 12:40pm
Quoting Pharm0r
{quote} ....bulls left the door wide open...0964 {quote} hehehe
dont know.. evidence is 4h close under 1021 atm.. day under 0964 closed wouldn't hurt. nothing to do but wait and see.. st/mt bulls ignore 0786.. we cant all be right or wrong.
those who can, do. those who cant, talk about those who can
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